A ‘hawkish’ BoE rate cut
09.05.2025 Daily blogThe Bank of England MPC voted 5-4 to cut interest rates by 25bps to 4.25%, with two members voting for a 50bps move, which wasn’t so much of a surprise, but two others voting to keep rates at 4.5%, which was a ‘hawkish’ surprise. The UK and US announced a new trade ‘deal’, the first […]
Read more-
Weekly Round Up
April dip in Irish business and consumer confidence not yet sufficient to delay key spending decisions
The past week has seen a flurry of surveys on Irish business and consumer confidence in April ,helping to gauge the impact of US tariff related uncertainty. Sentiment has clearly taken a hit. Irish consumer confidence fell to a 2-year low in April but remains well above the previous trough in 2022 when CPI inflation […]
-
Global Watch
Global Watch January 2025
The Fed and ECB both lowered interest rates by 100bps over the second half of 2024 to 3.0% and 4.25%-4.5% respectively. However, while increased concern about the Euro area growth outlook means the ECB seems set to cut the deposit rate by another 100bps this year, the continuing resilience of the US economy as well […]
-
Ireland Outlook
Ireland Outlook – May 2025
New Ireland Economic Forecasts We have revised down our forecasts for Irish GDP growth to 3.5% in 2025 and 3.7% in 2026. This forecast entails softer, but still robust growth, due to the negative impact of uncertainty on consumer and investment spending. Also, the 10% baseline tariffs that now apply to 2-3% of Irish trade […]
-
Ireland Infographic
Ireland Infographic – May 2025
We expect GDP will expand by 3.5% in 2025 and by 3.7% in 2026. Download the Ireland Infographic here: Bank of Ireland Ireland Infographic May 2025
-
UK Outlook
UK Outlook – January 2025
Growth stalls despite fiscal loosening We have revised down our GDP forecast for 2024 to 0.8%, from 1.1% previously, on foot of weaker activity over recent months. With the outlook for H1 this year looking softer we have also reduced our 2025 forecast, from 1.4% to 1.2%. We expect a rebound in H2 and our […]
-
UK Infographic
UK Infographic – January 2025
We expect UK GDP will increase by 0.8% in 2024, rising to 1.2% growth this year and 1.6% in 2026. Download the UK Infographic here: Bank of Ireland UK Infographic January 2025